Apprenda Closes $16M in Series C Financing
Apprenda, a Cliffside Park, NY-based provider of PaaS solutions, closed $16m in Series C financing.
The round, which brought the company’s total financing to date to $32m, was led by Safeguard Scientifics with participation from existing investors Ignition Partners and New Enterprise Associates. In conjunction with the funding, Philip D. Moyer, managing director of technology at Safeguard, joined Apprenda’s board of directors.
The company intends to use the funds to accelerate adoption of its private Platform as-a-Service (PaaS).
Founded in 2007 by Sinclair Schuller, CEO, Apprenda provides a PaaS solution that enables enterprise software development in public, private and hybrid clouds. With Apprenda, enterprises can deliver an entire ecosystem of data, services, applications and APIs to both internal and external customers across any infrastructure.
Customers include JP Morgan Chase, AmerisourceBergen, Dell, Honeywell, and Symantec.